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Designing Pension Program to Strengthen Formal Labor Market in Developing Countries: the Case of Indonesia
Muliadi Widjaja
Designing Pension Program to Strengthen Formal Labor Market in Developing Countries: the Case of Indonesia
Muliadi Widjaja
The basic set up of the pension system suggested in this book is multidimensional: a short run consumption tax policy to finance a defined benefit plan to support minimum physical needs of the older population, a medium run labor income tax policy to finance individuals defined contribution fully funded savings plan, and a long run skilled labor creation through university education so that individuals are able to self-finance their own pension savings through the fully funded savings plan. The defined benefit plan is important because it serves as a redistribution tool, while the defined contribution plan serves as a savings tool. In addition, the skilled labor creation serves as a supporting tool so that the pension program can be sustained in the long run.
Media | Books Paperback Book (Book with soft cover and glued back) |
Released | April 3, 2008 |
ISBN13 | 9783836483537 |
Publishers | VDM Verlag Dr. Müller |
Pages | 152 |
Dimensions | 208 g |
Language | English |
See all of Muliadi Widjaja ( e.g. Paperback Book )